No, but it's possible using a Link.
By providing path of the application? Can you send me the sample code?
There's no code. Like I said, this can't be done with a script (due to
obvious security risks), but you can manually create a link and point it to
an EXE file (using the "Open a file" action). However, even this doesn't
work with the later versions of Acrobat... Instead you need to have it
point at the actual text file that you want to launch.